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Empower Clinics Inc EPWCF

Empower Clinics Inc. is a Canada-based integrated healthcare and medical device company with multi-disciplinary clinics. The Company provides body and mind wellness for patients through its medical clinics, digital and telemedicine care, medical diagnostics laboratories, and sale of medical devices. Its segments include Health & Wellness, comprising clinic operations, patient visits, and telemedicine services; Diagnostics & Technology, comprising the diagnostic testing services provided by Kai Medical, and the sale of medical equipment by Kai Medical Canada Corp. and MediSure; and Corporate. It is focused on offering clinical trial services, such as clinical trial design, patient recruitment, data management and regulatory compliance for the pharmaceutical, biotechnology and medical device industries. It has two clinical research sites in Dallas, Texas, becoming a site management organization (SMO) with six principal investigators (PI) with multiple clinical trials under application.


GREY:EPWCF - Post by User

Post by Smokey1958on Jan 13, 2021 8:32am
188 Views
Post# 32283334

Speaking of the CEO

Speaking of the CEO

There was lots of chatter during and after the presentation by CEO, Steven McAule, yesterday. Oxinos and others expressed the importance of patience and letting Steve do "his thing". 

What does Steve bring to the table? I would suggest focus, energy and commitment. Whether you think he's the best public speaker is irrelevant to the question, although he does devote some time promoting his vision.

First, Steve arrived at Empower exactly two years ago with an extraordinary resume. Working in both the US and the UK at the top levels of management he is clearly a go getter. Read his LinkedIn profile . He also arrived as the CEO and two directors of the company at the time resigned. It could be argued, with evidence, that the company was bleeding. Not only did Steve bring that energy he expresses on camera to changing the direction of CBDT but has also spent a significant amount of his own money buying shares of the company, some of that as recently as April 2020.

With the positions Steve has held and reflecting on his presentations I would argue Steven McAuley is one of these business people who breathes to see a company grow .....particularly one that is struggling. It's about the passion for turning the company around as much as it is about the revenue generated. I doubt he needs the money as I'm sure he has been well remunerated in his previous professional life. For him this is just as much about the drive to succeed. That's a fantastic fact for we investors.

Steve's place at the helm is quite possibly the best reason to be long on CBDT. Be patient, let him do his job and the rewards should follow.

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